PT Timas
PT Timas Suplindo is an Indonesian private EPCIC contractor (founded 1989) delivering engineering, procurement, construction, installation and commissioning services for oil and gas — and increasingly power and petrochemical — clients, supported by an owned fleet and Serang fabrication shop.
- Company typePrivate
- Founded1989
- HeadquartersJakarta, Indonesia
- Headcount101–250
- GTM typeB2B
- OfferingServices
What PT Timas does
PT Timas Suplindo is an Indonesian private EPCIC (Engineering, Procurement, Construction, Installation and Commissioning) contractor founded in 1989 and headquartered in Jakarta. The company delivers integrated onshore and offshore project services for the oil and gas industry, supported by a captive Serang-based fabrication shop and an owned fleet that includes the DLB01 and T1201 vessels and the Floating Production Unit Trunojoyo 01. Its engineering scope covers subsea umbilical/riser/flexible pipe design, topsides and onshore facility detail engineering, installation engineering, and a proprietary Simultaneous Deck Raising System used for offshore subsidence remediation.
The company serves three primary customer segments: international oil companies (IOCs) such as ConocoPhillips, Premier Oil, Eni, and Chevron; Indonesian state-owned enterprises including Pertamina, PLN, PHE ONWJ, and PUSRI; and offshore oil and gas operators requiring specialized SURF (subsea umbilical, flowline and riser) and platform modification work. Recent landmark engagements include the BIGP development in the Natuna Sea for Premier Oil, the Suban Gas Compression heavy clad vessel fabrication for ConocoPhillips, the Lima Subsidence Remediation project for PHE ONWJ, and the $320 million Mako gas field SURF EPCI contract awarded by Conrad Asia Energy's WNEL subsidiary in 2026.
Revenue is earned primarily through project-based fixed-price or cost-plus EPCIC contracts, with no public pricing or recurring subscription model. Go-to-market is enterprise direct sales driven by long-standing client relationships, an established industry reputation (30+ years, hundreds of completed projects), and a portfolio of international certifications (ISO 9001:2015, ISO 14001, ISO 45001, SMK3, IMO, CSMS) that qualify the firm to bid on major Indonesian and IOC tenders. The company has diversified beyond upstream oil and gas into power generation (CNG Bangkanai), petrochemicals (NPK Fusion for PUSRI), and specialty chemicals (TDAE processing for Enerco RPO), and operates a Singapore office to serve regional Southeast Asian markets.
PT Timas firmographics
Firmographics- Name
- PT Timas
- Legal name
- PT Timas Suplindo
- Website
- https://timas.com
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- PT Timas Suplindo is an Indonesian private EPCIC contractor (founded 1989) delivering engineering, procurement, construction, installation and commissioning services for oil and gas — and increasingly power and petrochemical — clients, supported by an owned fleet and Serang fabrication shop.
- Ownership category
- akta.pro rank
PT Timas industry classification
Industry- Product category
- Oil & Gas EPCIC Contracting
- NAICS
- Oil and Gas Field Machinery and Equipment Manufacturing (333132), Architectural, Engineering, and Related Services (5413), Ship Building and Repairing (336611)
- SIC
- Oil & Gas Field Machinery & Equipment (3533), Construction - Special Trade Contractors (1700)
- akta.pro primary industry
- Subsea Construction & IMR Vessel Newbuilds (CSV, DSV, ROV Support) (IMAJACAD)
- akta.pro secondary industries
- Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL), Offshore Barge & Tender Assist Vessel Construction (IMAJACAH), Retrofits & Modernization (Scrubbers, Ballast Water, Alternative Fuels, Energy-Saving Devices) (IMAJAFAH), Revetments, Groynes & Beach Nourishment (IMAFAJAD), Underwater Hull Inspection, Cleaning & Propeller Services (TLAKAKAJ)
Keywords
Where PT Timas is headquartered
LocationHeadquarters
- HQ city
- Jakarta
- HQ country
- Indonesia
- HQ region
- Asia
Offices4 records
Markets served
PT Timas business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure
Revenue model
- EPCIC Project Contracts: Project-based contracts for Engineering, Procurement, Construction, Installation and Commissioning services. Revenue is earned through fixed-price or cost-plus contracts for onshore, offshore, and fabrication projects in the oil and gas sector.
- Fabrication Services: Fabrication of pressure vessels, heat exchangers, piping systems and other equipment for oil and gas facilities, typically delivered as part of larger EPCIC contracts or standalone fabrication projects.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
PT Timas product offering
Product offeringCore offering
PT Timas Suplindo is an Indonesian EPCIC (Engineering, Procurement, Construction, Installation & Commissioning) contractor delivering full-range services for onshore, offshore, and subsea oil and gas developments. The company operates three divisions—Onshore, Offshore, and Fabrication Shop (located in Serang, Banten)—and supports projects with proprietary subsea engineering, deck raising systems for subsidence remediation, and ISO-certified quality and HSSE management systems.
Product overview
PT Timas Suplindo is a leading Indonesian private company providing EPCIC (Engineering, Procurement, Construction, Installation & Commissioning) services for the oil and gas industry. The company operates through three main divisions: Onshore Division (covering full-range EPCIC for onshore facilities including civil construction), Offshore Division (engineering, procurement, construction, installation, and refurbishment of offshore facilities), and Fabrication (operating a fabrication shop in Serang, Banten). Timas also maintains a fleet including DLB01, T1201 vessels, and Floating Production Unit (FPU) Trunojoyo 01 for offshore operations. The company supports operations with an HSSE Management System certified to ISO 14001 and ISO 45001, and offers engineering services covering subsea, topsides, and onshore facilities. Timas primarily serves major oil and gas companies including ConocoPhillips, Premier Oil, Eni, Pertamina, Chevron, and others.
Differentiator
Problem solved
Functional benefit
Products and services
- EPCIC Services (Engineering, Procurement, Construction, Installation & Commissioning) Full-range EPCIC services for the oil and gas industry covering both onshore and offshore projects, including engineering, procurement, fabrication, construction, installation, and commissioning. Target buyers include International Oil Companies and Indonesian state-owned enterprises in the energy and fertilizer sectors.
- Onshore Division Services Full-range EPCIC services for onshore oil and gas facilities, including civil construction works, delivered to clients across the energy, petrochemical, fertilizer, and power generation industries.
- Offshore Division Services Engineering, procurement, construction, installation, and refurbishment/upgrading of offshore facilities for the oil and gas industry, covering subsea systems, SURF (Subsea Umbilical, Flowline and Riser) projects, platform modifications, and offshore installations.
- Fabrication Shop Services (Serang, Banten) Heavy fabrication, pressure vessel, heat exchanger, and piping fabrication services delivered from the Serang fabrication shop in Banten, Indonesia, serving oil and gas facilities as part of EPCIC contracts or standalone fabrication projects.
Quantifiable outcome
- 3 million+ manhours without recordable incident achieved
- +1 more outcomes
Companies that use PT Timas
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles2 records
PT Timas technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
PT Timas partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Conrad Asia Energy (West Natuna Exploration)coreWest Natuna Exploration Limited (WNEL), a subsidiary of Conrad Asia Energy, awarded Timas Suplindo a SURF (Subsea Umbilical, Flowline and Riser) EPCI contract for the Mako gas field development in Indonesia's Natuna Sea. The project has a capital expenditure of $320 million until first gas, targeting first gas production in Q4 2027.
- PT OdiracoreTimas formed a consortium with PT Odira to execute the CNG PLN Bangkanai project owned by PT. PLN Enjiniring. The partnership combined Timas's EPCIC capabilities with Odira's expertise for the construction of a gas treatment plant and CNG facility for power generation.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
PT Timas competitors and assessment
Company assessmentDirect peers
- TechnipFMC: Global integrated offshore and subsea EPC and SURF contractor serving the same IOC customer base on offshore developments; competes directly for Indonesian offshore EPCI scopes (Technip is listed as a partner/client by Timas).
- Subsea7: Pure-play subsea construction, SURF and IMR contractor that competes for the same offshore installation and subsea tieback work that Timas executes for IOCs in Southeast Asia.
- Saipem: Italian offshore and onshore EPC contractor competing for integrated EPCI scopes on offshore platforms, subsea developments and onshore oil & gas facilities globally including in Indonesia and the wider region.
- McDermott: Offshore EPC and subsea contractor with comparable offshore platform, SURF and brownfield modification scope; directly competes for Indonesian and Southeast Asia offshore tenders.
- Petrofac: International oil & gas EPC and operations services contractor with overlapping onshore and offshore EPCIC scope and a similar IOC/SOE customer base.
- PT Rekayasa Industri (Rekind): Indonesian EPC contractor serving Pertamina, PUSRI and other SOEs on oil & gas, refinery, petrochemical and fertilizer projects; closest local direct competitor.
- MODEC: FPSO/FP vessel provider and offshore operator active in Indonesia; adjacent overlap given Timas's ownership of FPU Trunojoyo 01 and its offshore EPCI scope.
Broad incumbents
- Worley: Global energy, chemicals and resources project services and EPC provider; broader portfolio than Timas but competes in Indonesian oil & gas, petrochemical and refining EPC scopes.
- Aibel: European offshore and onshore engineering, fabrication and field development contractor; comparable EPCIC capabilities for offshore platforms and brownfield modifications.
Regional players
- Sapura Energy: Malaysian integrated energy services and offshore contractor active in SURF, offshore installation and fabrication across Southeast Asia; regional comparable rather than direct in-country competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
PT Timas social profiles
Digital presencePT Timas compliance and trust
Trust signalCompliance12 records
PT Timas financial estimates
Financial estimateRevenue estimate
Valuation estimate
PT Timas leadership team
Management profileNumber of profiles
PT Timas funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PT Timas M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PT Timas
What does PT Timas do?
PT Timas Suplindo is an Indonesian EPCIC (Engineering, Procurement, Construction, Installation & Commissioning) contractor delivering full-range services for onshore, offshore, and subsea oil and gas developments. The company operates three divisions—Onshore, Offshore, and Fabrication Shop (located in Serang, Banten)—and supports projects with proprietary subsea engineering, deck raising systems for subsidence remediation, and ISO-certified quality and HSSE management systems.
Is PT Timas a public or private company?
PT Timas is a private company. It is classified as unknown and is currently operating.
When was PT Timas founded?
PT Timas was founded in 1989. It employs 101 to 250 people.
Where is PT Timas based?
PT Timas is headquartered in Jakarta, Indonesia, in the Asia region.
How does PT Timas make money?
Two revenue lines are on record. EPCIC Project Contracts are the primary driver. The others are fabrication Services.
Who are PT Timas's main competitors?
Direct peers on record are TechnipFMC, Subsea7, Saipem, McDermott, Petrofac, PT Rekayasa Industri (Rekind) and MODEC. Broad incumbents are Worley and Aibel. Sapura Energy is listed as a regional player.
Does PT Timas have an API?
No public API is recorded for PT Timas.
What industry is PT Timas in?
PT Timas's product category is Oil & Gas EPCIC Contracting. Its primary akta.pro industry code is IMAJACAD, Subsea Construction & IMR Vessel Newbuilds (CSV, DSV, ROV Support), with a secondary code of TLADABAL, Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS). Its NAICS code is 333132 and its SIC code is 3533.